Elaleni Coastal Forest Estate has experienced sustained demand since its launch in 2017, evidenced by the recent resales, price growth, and sales success of new sectional title developments within the estate.
Initially marketed to a private network of investors, Elaleni Coastal Forest Estate experienced an unprecedented sales rate at launch in 2016 with 35 out of 50 stands sold prior to public launch. With a strong market demand for freehold stands within the estate, sales skyrocketed and all 50 stands in Phase 1 were sold out in only 3 months.
Wesley Bench-Capon, Developer explains: “Elaleni has been exceptionally successful, which is not surprising when one considers the growth of the greater Ballito area over the last 12-18 months. Due to the flurry of development in the area, properties across the board are seeing price growth- established single residential properties and also those within estates. Again, the properties within estates like Elaleni have seen the best price growth. To date, Elaleni owners have seen their investment growth surpass 55% since launch. This is extremely exciting for the estate and our homeowners!”
Located in KZN’s Sheffield Beach within a unique environment, Elaleni is underpinned by its sustainability ethos, part of which includes the rehabilitation of the endemic swamp fig forest which is the last of its kind in the area, preservation of the existing local flora and the addition of indigenous planting within the common areas. Elaleni has carefully weaved all the natural elements into the layout of the estate seen through freestanding homes tucked away in small pockets of trees and the breathtaking forest boardwalk which meanders through 1.3km of forest canopy and arrives at the Forest Clubhouse set near the dam. The overarching sustainability ethos not only brings the plight of our strained resources into the arena but has a cost-saving element for owners too.
Bench-Capon continues “Greater awareness about the environment has pushed people to think long-term about what impact their home and habits have on the environment, and how this can be mitigated. As an estate with a strong sustainability ethos, Elaleni is finding ways to aid in mitigating the environmental impact we have and in so doing is able to ask for lowered estate levies. By being part of Elaleni, you are playing a role in finding greener living solutions. What’s more encouraging for people is that the by-product of this is lowered home operating costs.”